Photo - Dealon Inc.
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Dealon Inc.

Committed to easing people’s lifestyles with Tech Innovation

Bangladesh
Market: Internet and IT, Logistics and warehouses, Food industry, Transport, Services
Stage of the project: Prototype or product is ready

Date of last change: 29.08.2021
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Idea

Dealon is basically a gig economy venture that provides on-demand multi-service via mobile app following the business models like online dealing platform, on-demand emergency ride-hailing platform and a hyperlocal delivery platform for 24/7 a week simultaneously and more products will be introduced according to the demand conditions.

Current Status

Total User & Partners Acquisition Till July 2021 is 874
Company Status: Active (MVP)
Products : 3

Market

The size of local e-commerce was $1648 million in 2019. It expanded to $2077 million in 2020, and the predicted size will reach $3077 million in 2023. (through: TBS Source: Statista). According to a study by German statistic company Statista, the country was ranked 46th in the global e-commerce index last year with $1.6 billion in trade. Reuters reported ride-hailing industry accounts for 23 percent of the transportation sector of Bangladesh. Over seven million rides are recorded every month in the ride-hailing platforms that operate in the country. Policy Research Institute predicted the value of this sector would reach $1 billion within the next five to seven years from its value of $260 million in 2018. Bangladesh Population of 2019 – 16.65 Crore. Age-wise Population: 0-14 : 4.75 Crore 28.5%, 15-49: 9.09 Crore 54.6%, 50-59: 1.4 Crore 8.7%, 60+ : 1.37 Crore 8.2%. Population Growth Rate (RNI) 1.32 Source: BBS
50% of the population below 30 years old.Middle & Affluent Consumers growth at 10.5% per annum set to reach 34 million by 2025.

Problem or Opportunity

Bangladesh's Tech-Based Industry is still young but the tech adaption rate is super fast than expected. Tech adaptable young population 62%+ under 35 years, 164 million people (8th largest in the world) with high density (1200 people/sq Km).100 million Plus on the internet. More Than 90% of Internet Subscribers are Mobile Internet Users. The pandemic has also accelerated the use of ICT technology, including digital commerce, education, healthcare, agriculture.
Research conducted among 572 people
•More people shifting online for official activities
•Use of public transports declined
•Online shopping increased by 165% compared to the pre-Covid-19 period
•85% of e-commerce users are between the ages of 18-34
•80% of buyers are from Dhaka, Gazipur, and Chattogram
•According to the research, online shopping activities have increased by 165% compared to the pre-Covid-19 period and people's visit to shopping malls has also decreased by 84%.
•The research shows that female shoppers have increased by 43% from 12% and male shoppers have increased by 14% from 5%.
•The latest research also reveals that turning to online options for grocery shopping has increased by 7%. Telemedicine beneficiaries have witnessed an increase of 31%. (TBS)
The Number of the Main Players are still very few.

Solution (product or service)

Our Venture will basically focus on grabbing the new Gig Economy of this Country and penetrates the Market Share in the near Future Dealon started its journey from Mega-City Dhaka, The Capital of Bangladesh with over 21 Million Metro Area Population. Next, we will launch our app in other major cities in the Country & Abroad. Our Team will Ensure Users & Partners Security, Optimized App, Smart Customer Service System, Friendly Users & Partner's App Policies, Regular Training Facility for Partners, Launched Users High Demand Advance Apps based on demand conditions, Ensure Smooth & Better App Experience, Competitive Price Model.

Competitors

Direct Competitors:
*Uber (Transportation)
*Food Panda (Food Delivery)
*Pathao (Super App)
*Chaldal (Grocery)
*Daraz (E-Commerce)
*Shohoz (Super App)

Advantages or differentiators

Major Advantages of Dealon App
* Advanced Tracking & Navigation System
* Always Publish Lucrative Deals for Users on DO DEALS both Local Shopping & E-Commerce Deals
* Multiple Delivery Vehicles options as per user requirements like
(Cycle, Bike, Covered Van, Truck) & Multiple Drop Off facility with product Image upload and recipient in-app signature system on One App that differentiates from other competitors
* On Grocery Service Users can purchase a tiny amount of groceries and essentials as per their minimum need on same day door-to-door delivery service with the minimum delivery fee.
* As a Multi-Service Platform, we can target a broad user-based database.
* Competetive Price
* Nominal Commission policy from Partners/Drivers
* Both User & Partner Insurance backup facility
* Agile Customer Service System.

Finance

Total revenue in 5 years $14,735,034 (Approximate Value)
Total cost in 5 years $17,093,183 (Approximate Value)

Business model

Dealon is committed to easing people’s life. In this age of technology, almost every urban-dweller life depends on android/IOS to a certain extent. By offering a wide range of services, we want to make their experience easy and smooth.We want to work according to its motto frequent Technological Innovation with our young energetic talented teams

Money will be spent on

Expenditure Areas:

* App Development: 30%
* Marketing (Including Users & Partners Acquisition Cost) : 40%
* Office, Warehouse, Non-Tech Staff Cost: 20%
* Backup Money: 10% (Till Next Round Fund)

Offer for investor

Based on Negotiation.

Team or Management

Risks

The risk factor is Nominal
Threats are as follows:
* Give Adequate subsidies and tax rebate
* Gain efficient management
* Building Professionalism
* Adopt proper training and development program

Incubation/Acceleration programs accomplishment

Not participated yet.

Won the competition and other awards

Not yet.

Photos

Photo 1 - Committed to easing people’s lifestyles with Tech Innovation

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation